Terran Orbital's Prospects Brighten with ITU Waiver for Rivada's Satellite Constellation, Analyst Says
Portfolio Pulse from Anusuya Lahiri
Terran Orbital Corp's (LLAP) $2.4 billion order for satellite buses from Rivada has been given a boost by a favorable International Telecommunications Union (ITU) ruling. The ITU has waived a requirement for Rivada to have 10% of its proposed 576 satellite constellation launched by September. This allows Rivada to proceed with LLAP’s expected timeline of launching 144 satellites by June 2026 and another 144 by September 2026. The ITU waiver requires confidence in Rivada’s funding outlets, manufacturing, and launch. LLAP shares traded lower by 0.71% at $1.42 on the last check Thursday.
July 06, 2023 | 5:53 pm
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POSITIVE IMPACT
The ITU ruling is favorable for LLAP as it allows the $2.4 billion order from Rivada to move forward. However, LLAP shares traded lower by 0.71% at $1.42.
The ITU ruling is a positive development for LLAP as it allows the $2.4 billion order from Rivada to proceed. This could potentially boost LLAP's revenues in the future. However, despite this positive news, LLAP's shares traded lower, which could be due to other market factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100